Full-Time

Senior Financial Consultant

Updated on 3/14/2025

HUB

HUB

5,001-10,000 employees

Compensation Overview

$150k - $175kAnnually

Senior

New York, NY, USA

Category
Financial Planning and Analysis (FP&A)
Insurance
Finance & Banking
Required Skills
Word/Pages/Docs
Risk Management
Data Analysis
Excel/Numbers/Sheets
Requirements
  • Bachelor degree in business related field, or equivalent education and/or experience – focus on statistical analysis preferred – advanced degree a plus
  • Valid LA&H license
  • 5-7 years of experience in EB underwriting, data analytics and servicing the insurance needs of clients; Preference will be given to candidates with brokerage or insurance carrier underwriting or account/sales management experience
  • Demonstrated confidence and comfort in working directly with clients
  • Extensive knowledge of medical, ancillary and alternative funding programs – with strong understanding of self-insurance and stop loss
  • Working knowledge of PPACA and the ability to evaluate and discuss financial impact of Health Care Reform – (ability to leverage calculations around the Cadillac tax and ‘wellness incentives’)
  • Demonstrated ability to communicate complex topics effectively to increase client confidence
  • Ability to compile, analyze, and interpret financial information and data to facilitate decision making (critical competency in working ‘comfortably’ with client/prospect representatives from ranks of Senior HR, Financial and C-Suite)
  • Ability to organize and delegate workload responsibilities
  • Organizational and time management skills to prioritize heavy workloads to meet time sensitive deadlines
  • Strong working knowledge of Microsoft Products, i.e. Word, Powerpoint and Outlook --- and advanced expertise with Excel, Access and other database management and reporting applications – Knowledge and prior use of Project Management software is preferred
  • Ability to make decisions in compliance with established Hub International standards of quality performance and service
  • Ability and commitment to working within and promoting a team-based, collaborative environment
  • Language Skills: Ability to read and interpret documents such as contracts, benefit summaries, bid specifications, legislation and procedure manuals. Ability to write routine reports and business correspondence clearly and without grammatical errors. Ability to speak effectively before groups of customers or employees of organization
  • Math Skills: Knowledge of underwriting principles along with strong mathematical and financial skill set
  • Reasoning Skills: Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with abstract and concrete variables.
Responsibilities
  • Demonstrate themselves a solid underwriting technician, bright, quick and affable
  • Review our current report formats (both local to the northeast region and across the east region footprint) and standardize a branded reporting package for our largest fully and self-insured clients
  • Offer significant client-facing experience; must be especially effective at taking complex concepts/data and translating them to the average user
  • Effectively navigate our current tools (e.g. NavMD) and adapt to/utilize other data analytic tools pertaining to Underwriting, Analytics and Health & Performance (H&P); Be comfortable in a ‘field-based’ role so that interacting with the various HUB NOE offices is facilitated and supported: Train Senior AEs on financial tools and dashboards
  • Manage and oversee large group renewal process to create regional consistency
  • Collaborate, while being accountable and committed to ownership of the tasks noted above – especially with respect to a detailed and consistent renewal process for large clients
  • Discuss benefit strategy, program alternatives, markets, vendors and appropriate risk management solutions with clients as part of the annual HUB client management process
  • Proactively evaluate and manage client insurance risk(s) with the goal to minimize financial impact to in-force benefit programs through: Generate and explain in layman’s terms, projected claims, reserves and other key numeric indicators based on prior claims history as well as utilization/H&P data
  • Provide periodic financial reporting to the client
  • Participate collaboratively in ongoing consultation regarding the future financial impact of high-cost claimants
  • Utilize state-of-the-art data analytics tools/platforms (clients > 100 lives) to maximize client health care (Medical/Rx) decision-making through continual data analysis, retrospective and projected risk scoring and interactive health plan modeling
  • Lead the client marketing submission (RFP) process to include: Ensuring we have through the Account Executive team, all necessary information to effectively market a prospective client or renew existing clients
  • Assisting in the preparation of all new and renewal submissions for marketing
  • Requesting and evaluating data from insurance carriers/third party administrators and other associated vendors (claim reports, Geo Analysis, network effectiveness)
  • Reviewing proposals and complete benefit and rate comparisons using approved HUB templates
  • Maintaining accessible and detailed marketing files on clients’ and prospects’ work-in-process along with all required follow-up communications
  • Evaluating and negotiating optimum quotes, rate extensions plan design changes and stop loss terms as needed
  • Creating detailed benefit analysis comparisons (via computerized spreadsheet) of renewal, cost and options for proposals to the client together with detailed contribution models
  • Assuring all pre-sale and post-sale benefits/benefits changes and premium/premium changes are communicated promptly and accurately to clients and selected markets
  • Lead or participate in local market underwriting initiatives including, but not limited to, Medical and Ancillary benefit carrier management, evaluation of new medical carrier reporting platforms and PEO partnerships
  • Participate on various HUB regional and national teams as part of new initiatives involving financial, data analysis, reporting, ACA or other appropriate tools
  • Proactively keep abreast of markets, products, carrier and vendor competitiveness and emerging risk management solutions through market analysis, lunch and learns, participating in strategic carrier meetings, attending carrier or vendor events
  • Build and maintain effective working relationships with insurance company partner contacts (such as underwriters, sales and service representatives), client contacts and HUB Sales and Account Executives
  • Work on special projects or duties as assigned or required
Desired Qualifications
  • Preference will be given to candidates with brokerage or insurance carrier underwriting or account/sales management experience
  • Knowledge and prior use of Project Management software is preferred

Company Size

5,001-10,000

Company Stage

Debt Financing

Total Funding

N/A

Headquarters

Chicago, Illinois

Founded

1998

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for cyber insurance offers new product opportunities for Hub International.
  • Interest in ESG factors allows Hub to develop specialized insurance products and services.
  • Expansion of the gig economy increases demand for tailored insurance solutions, benefiting Hub.

What critics are saying

  • Increased competition from firms like Marsh & McLennan may impact Hub's market share.
  • Integration of acquisitions like C&L Marine Insurance poses operational and cultural challenges.
  • Economic instability in North America could affect Hub's financial performance in new regions.

What makes HUB unique

  • Hub International's strategic acquisitions enhance its marine insurance capabilities in Florida.
  • The firm strengthens its retirement and wealth management services with key hires in Tennessee.
  • Hub's appointment of Carol Murphy boosts its casualty insurance expertise and leadership.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Company Match

Paid Vacation

Flexible Work Hours

Professional Development Budget

Conference Attendance Budget

Unlimited Paid Time Off

Mental Health Support

Wellness Program

Phone/Internet Stipend

Home Office Stipend

Company News

PR Newswire
Mar 10th, 2025
Hub International Strengthens Marine Insurance Capabilities With Acquisition Of Cl Marine Insurance In Florida

CHICAGO, March 10, 2025 /PRNewswire/ -- Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced today that it has acquired the assets of Scott Costolo, Inc. d/b/a C&L Marine Insurance (C&L Marine Insurance). Terms of the transaction were not disclosed.Headquartered in Boca Raton, Florida, C&L Marine Insurance is an independent firm specializing in marine insurance."We welcome Scott and his team to Hub," Chris Gardner, Chief Executive Officer of Hub Florida. "Scott's expertise will add value to our clients and help fuel growth in the region."Scott Costolo, President of C&L Marine Insurance, and the C&L Marine Insurance team will join HUB Florida.C&L Marine Insurance will be referred to as C&L Marine Insurance, a Hub International company.About Hub's M&A ActivitiesHub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the Hub M&A experience, visit WeAreHub.com.About Hub InternationalHeadquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 19,000 employees in offices located throughout North America, Hub's vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so clients are ready for tomorrow

PR Newswire
Mar 7th, 2025
Hub International Acquires Retirement And Private Wealth Books Of Business In Tennessee

CHICAGO, March 7, 2025 /PRNewswire/ -- Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, has hired financial advisors Steven Glasgow and Jordan Sibler, and acquired their books of business. Terms of the transaction were not disclosed.With over 25 years of experience in retirement and wealth management services, Glasgow and Sibler have built a reputation for providing personalized strategies that help clients achieve their financial goals. Based in Nashville, Tennessee, they will join HUB Mid-South, where they will continue to serve clients with the same dedication and expertise."We're excited to welcome Steve, Jordan and their team to Hub," said Joe DeNoyior, President of Hub Retirement and Private Wealth. "They bring a collaborative approach that reinforces our mission to provide comprehensive, tailored financial strategies to individuals and businesses."Tony Leonard of MidCap served as financial advisor to Glasgow and Sibler.About Hub's M&A ActivitiesHub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the Hub M&A experience, visit WeAreHub.com.About Hub InternationalHeadquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 19,000 employees in offices located throughout North America, Hub's vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so clients are ready for tomorrow

Life Insurance International
Mar 6th, 2025
Hub International purchases MIV Insurance

Hub International, a provider of insurance brokerage and financial services, has acquired the assets of Malloy Imrie & Vasconi Insurance Services (MIV Insurance).

Newswire
Mar 6th, 2025
Hub International Acquires Drayton Valley Insurance

Hub International Limited, a global insurance brokerage, has acquired Drayton Valley Insurance Agency in Alberta, Canada. The terms of the deal were not disclosed. Drayton Valley Insurance Agency, which offers personal and commercial insurance, will now operate as Drayton Valley Insurance Agency, a Hub International company. Owner Dale Jones and his team will join Hub Prairies.

PR Newswire
Mar 6th, 2025
HUB INTERNATIONAL ENHANCES PERSONAL AND COMMERCIAL INSURANCE CAPABILITIES WITH THE ACQUISITION OF DRAYTON VALLEY INSURANCE AGENCY IN ALBERTA

CHICAGO, March 6, 2025 /PRNewswire/ - Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced today that it has acquired Drayton Valley Insurance Agency, Ltd. (Drayton Valley Insurance Agency).